Eastwoods Consulting
Notes from the East Woods

musings on opportunities in the life science marketplace

    October 2010  
  
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Greetings!

My assumption was wrong, and the dragonfly shows us how to migrate ideas into products  Please have a read and feel free to let me know what you think. 


Regards,

Paul Danis
Founder and Principal

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This Month's Features
- Dragonfly Product Development
- Life Science Market Update
- About Eastwoods Consulting
Dragonfly Product Development

Dragonfly

I was having a drink in the back yard last weekend when a large black and gold dragonfly landed on my knee.  It was fantastic looking, with a 4 inch wingspan, its shiny black head moving around to take in its surroundings.  It reminded me of a biplane.  I was surprised to see one so late in the season since I had assumed that they had all gone underground (or whatever bugs do in the winter.)  But I was wrong.  These little 0.04 ounce Odonata actually make thousand mile journeys to warmer climes every year.  Now, I can understand how a hawk or a goose or even a wren can do this - but a little bug?  Yes, indeed dragonflies migrate.

And this is exactly what new products do as well.   They migrate from a concept or idea, fueled by energy and resources ($$) to become successful products in a welcoming market.  The parallels are quite fascinating.
  • The gathering - Before the trip starts, the dragonflies or birds begin to gather.  They have a shared idea of what they want to accomplish.  When they have enough members together and the conditions are right, they depart.  With new products some time must be spent getting resources together and having the team understand the goals of the project.
  • The journey -While travelling, the migrators stick together since they often rely on each other for support and direction.  They also pay close attention to the weather since this has a huge effect on when they fly as well as the direction they take.  Similarly, since the product development journey takes some time (often more than planned...) the team must closely monitor the market and make corrections if the target opportunity changes.
  • Rest stops - Of course few creatures can fly 1000 miles non-stop so they pause along the way.  This allows them to re-fuel, rest, and check their progress.  As the product moves down the development pipeline, critical checkpoints must make sure things are on track - most importantly, confirming the product will solve the customer's big problem.  Some adjustment of features can occur as the product comes to life so you must be certain it will still hit the target. 
  • The arrival - After a huge effort, good decisions along the way, and a little luck, the creatures arrive at their promised land full of sun, food, and water.  Your product also hopefully comes to the marketplace ready to reap the harvest - customers in great need, lots of them with cash in pocket, and a product that knows no equal.
So like the little dragonfly moving south for the winter, your products can have a successful migration.  Be sure to have clear goals, a good team, enough funding and your finger on the pulse of the market.  With all this (and a little luck) you will also arrive in the land of plenty.




Life Science Market Update

Index

Sept Value

Change 12mo.

12 mo. High

12 mo. Low

EC BioTools

686

6%

738

609

EC BigPharma

779

4%

801

696

EC Biotech

606

13%

642

484


My what a difference a month makes as the markets welcomed the life science companies with open arms - the three indices were up 13%, 8%, and 10%, resp. for the month.  In the Tools sector, 14 companies were up over 10%, in Biotech it was 12 companies and 6 in BigPharma.  Theravance was the big winner, up 64% for the month on the positive data on the asthma drug, relovair, it's developing with GSK.


EC BioIndex September 2010

EC BioIndex


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Many of the life science indices currently available are a mixture of various types of companies. In order to better assess the situation in the different segments, Eastwoods Consulting has created these price-weighted indices for the sectors of large pharmaceutical companies, biotech companies, and life science research tools companies.
  •   EC BioTools Index - A, ACCL, AFFX, BEC, BIO, BRKR, CALP, DNEX, HBIO, HLCS, ILMN, LIFE, LMNX, PKI, QGEN, SIAL, TECH, TMO, WAT
  •   EC BigPharma Index - JNJ, PFE, GSK, NVS, SNY, LUN, ABT, LLY, AZN, WYE, BMY, NVO, BAX, TEVA, KG, ROG.VX
  •   EB Biotech Index - AMGN, GENZ, BIIB, CEPH, GILD, BMRN, AMLN, IDXX, ITMN, SEPR, PDLI, CPHD, ALKS, REGN, VRTX, THRX, HGSI, SGMO, NKTR
  •   Prices are taken at the close of each month.
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About Eastwoods Consulting
Eastwoods Consulting

Translating Innovations into Profits for the Life Science Industrysm

Eastwoods Consulting helps life science companies grow their businesses.  Please visit our web site or contact us to learn more about how we help companies succeed in competitive markets.
 


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